One of the biggest single-token moves in recent days just happened as a wallet holding 63.18 billion SHIB, worth roughly $844,000, quietly pulled the entire balance from a Coinbase hot wallet and moved it off the exchange — no swaps, no bridging, no dust left behind. The transfer happened within the last 24 hours, and since landing in the new address, the tokens have not moved, as displayed by Arkham.
There is no clear trail. The receiving wallet does not have much of a history. It is not linked to any known DeFi platform, centralized service or whale-tagged address. It is just a cold wallet, but it is loaded with enough SHIB to put it in the top ranks of 24-hour inflows of Shiba Inu.
What makes this more than just another on-chain shuffle is the timing. SHIB has been going up a bit over the past few sessions, getting back some short-term momentum after dipping below $0.00001280 earlier this month.
As of this morning, it is trading at $0.00001335, as small retail flows pick up. Thus, if a big piece of the pie leaves a centralized exchange, it is not going to be ignored.
So, for now, the wallet is staying put, and SHIB is still trading within its usual range. But large-scale outflows like this are often the first step in a bigger plan. It is a strategy that is definitely worth keeping an eye on, whether it is a bullish move or just a smart way to reduce risk.
And if SHIB starts moving again? This might have been the first clue.
